Question 1

When creating a timeline, the lead times with respect to milestones that indicate a change in the current revenue pattern are known as

Accepted Answer

A)  translations. 
B)  variations. 
C)  transformations. 
D)  inducers. 
E)  triggers . 
A)  translations. 
B)  variations. 
C)  transformations. 
D)  inducers. 
E)  triggers .

Question 2

Are pro forma financial statements needed during feasibility analysis? Why or why not?

Accepted Answer

Pro forma financial statements are not n

Question 3

Investors focus on the first 18 months to 2 years of a startup because during that time, the entrepreneur is

Accepted Answer

A)  finalizing the formal pro forma financial statements. 
B)  continually adjusting the business model as he or she responds to the market. 
C)  discovering ways to decrease overhead. 
D)  figuring out how to control his or her customers' behaviors. 
E)  focusing on testing the business model in the market to ensure there are customers and sufficient demand. 
A)  finalizing the formal pro forma financial statements. 
B)  continually adjusting the business model as he or she responds to the market. 
C)  discovering ways to decrease overhead. 
D)  figuring out how to control his or her customers' behaviors. 
E)  focusing on testing the business model in the market to ensure there are customers and sufficient demand.

Question 4

Which of the following metrics would Right Fit, an Internet-based business, most likely use to measure its financial success?

Accepted Answer

A)  Revenue per salesperson 
B)  Inventory turn 
C)  Economies of scale 
D)  Qualified lead 
E)  Occupancy 
A)  Revenue per salesperson 
B)  Inventory turn 
C)  Economies of scale 
D)  Qualified lead 
E)  Occupancy

Question 5

A process map details how information flows through a business.

Accepted Answer

A) True 
 B)False

Question 6

Pricing is not designed to cover total costs but to maximize total contribution-that  is, unit price minus unit variable costs.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is NOT one of the categories into which the resources of a startup are divided?

Accepted Answer

A)  People 
B)  Intellectual resources 
C)  Financial resources 
D)  Physical assets 
E)  Value chain 
A)  People 
B)  Intellectual resources 
C)  Financial resources 
D)  Physical assets 
E)  Value chain

Question 8

_____ is an amount of cash that is often based on the sales and collection cycle of a business.

Accepted Answer

A)  The expenditure  flow 
B)  The  in-process flow 
C)  The  invoice finance 
D)  The  safety margin 
E)  Working capital 
A)  The expenditure  flow 
B)  The  in-process flow 
C)  The  invoice finance 
D)  The  safety margin 
E)  Working capital

Question 9

Determining what resources are needed, when they are needed, and how to acquire them is a critical piece of the startup feasibility puzzle.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is NOT an example of a direct selling expense?

Accepted Answer

A)  Telephone expenses 
B)  Advertising costs 
C)  Travel expenses 
D)  Sales salaries 
E)  Commissions 
A)  Telephone expenses 
B)  Advertising costs 
C)  Travel expenses 
D)  Sales salaries 
E)  Commissions

Question 11

A process map notes key milestones that an entrepreneur expects to achieve from idea conception to the launch of the business and beyond.

Accepted Answer

A) True 
 B)False

Question 12

The least important part of any analysis of financial feasibility is the assumptions on which the analysis is based.

Accepted Answer

A) True 
 B)False

Question 13

Entrepreneurs can reach a price that can be tested in a market by considering costs, any competitor pricing, and

Accepted Answer

A)  feedback from competitors. 
B)  revenue per salesperson. 
C)  gross margin and revenue per unit. 
D)  feedback from customers and value chain partners. 
E)  credit history. 
A)  feedback from competitors. 
B)  revenue per salesperson. 
C)  gross margin and revenue per unit. 
D)  feedback from customers and value chain partners. 
E)  credit history.

Question 14

Name the common pricing strategies at startups.

Accepted Answer

The common pricing strategies

Question 15

Discuss the purpose and sections of a cash flow statement.

Accepted Answer

Developing the cash flow statement is th

Question 16

Briefly discuss what startup resources include.

Accepted Answer

Startup resources include the following:

Question 17

While cost is one important factor in regard to pricing model considerations, another equally important factor is the relationship between how a product or service is priced and a company's goals. Briefly identify the typical goals and their impact on price.

Accepted Answer

If the goal is to increase sales or mark

Question 18

Which of the following is NOT a strategy that can help entrepreneurs arrive at a realistic forecast of demand for their product or service?

Accepted Answer

A)  Talking to customers   and intermediaries 
B)  Using historical analogy with similar products/services 
C)  Preparing revenue budgets 
D)  Applying their own knowledge and experience 
E)  Going into limited production 
A)  Talking to customers   and intermediaries 
B)  Using historical analogy with similar products/services 
C)  Preparing revenue budgets 
D)  Applying their own knowledge and experience 
E)  Going into limited production

Question 19

For feasibility purposes, a(n) _____ statement, essentially a cash budget or sources and uses statement, is used so that cash inflows  and outflows are easy to identify and examine.

Accepted Answer

A)  direct cash flow 
B)  in-process plan 
C)  return on investment 
D)  inferred cash flow 
E)  resource pro forma 
A)  direct cash flow 
B)  in-process plan 
C)  return on investment 
D)  inferred cash flow 
E)  resource pro forma

Question 20

Briefly discuss the positioning of a venture in the value chain.

Accepted Answer

Where a new venture lies in the value ch

When creating a timeline, the lead times with respect to milestones that indicate a change in the current revenue pattern are known as

Are pro forma financial statements needed during feasibility analysis? Why or why not?

Investors focus on the first 18 months to 2 years of a startup because during that time, the entrepreneur is

Which of the following metrics would Right Fit, an Internet-based business, most likely use to measure its financial success?

A process map details how information flows through a business.

Pricing is not designed to cover total costs but to maximize total contribution-that is, unit price minus unit variable costs.

Which of the following is NOT one of the categories into which the resources of a startup are divided?

_____ is an amount of cash that is often based on the sales and collection cycle of a business.

Determining what resources are needed, when they are needed, and how to acquire them is a critical piece of the startup feasibility puzzle.

Which of the following is NOT an example of a direct selling expense?

A process map notes key milestones that an entrepreneur expects to achieve from idea conception to the launch of the business and beyond.

The least important part of any analysis of financial feasibility is the assumptions on which the analysis is based.

Entrepreneurs can reach a price that can be tested in a market by considering costs, any competitor pricing, and

Name the common pricing strategies at startups.

Discuss the purpose and sections of a cash flow statement.

Briefly discuss what startup resources include.

While cost is one important factor in regard to pricing model considerations, another equally important factor is the relationship between how a product or service is priced and a company's goals. Briefly identify the typical goals and their impact on price.

Which of the following is NOT a strategy that can help entrepreneurs arrive at a realistic forecast of demand for their product or service?

For feasibility purposes, a(n) _____ statement, essentially a cash budget or sources and uses statement, is used so that cash inflows and outflows are easy to identify and examine.

Briefly discuss the positioning of a venture in the value chain.

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Creating Opportunity

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping and Validating a Solution

Protecting the Startups Assets

Building the Founding Team

Preparing a Business Plan

Designing an Entrepreneurial Organization

Planning Startup Operations

Choosing the Legal Form of Organization

Developing a Startup Marketing Plan

Incorporating Ethics and Social Responsibility Into the Business

Funding Startup and Growth

Planning for Growth and Change

Filters

Exam 9: Calculating Startup Capital Requirements

When creating a timeline, the lead times with respect to milestones that indicate a change in the current revenue pattern are known as

Are pro forma financial statements needed during feasibility analysis? Why or why not?

Investors focus on the first 18 months to 2 years of a startup because during that time, the entrepreneur is

Which of the following metrics would Right Fit, an Internet-based business, most likely use to measure its financial success?

A process map details how information flows through a business.

Pricing is not designed to cover total costs but to maximize total contribution-that is, unit price minus unit variable costs.

Which of the following is NOT one of the categories into which the resources of a startup are divided?

_____ is an amount of cash that is often based on the sales and collection cycle of a business.

Determining what resources are needed, when they are needed, and how to acquire them is a critical piece of the startup feasibility puzzle.

Which of the following is NOT an example of a direct selling expense?

A process map notes key milestones that an entrepreneur expects to achieve from idea conception to the launch of the business and beyond.

The least important part of any analysis of financial feasibility is the assumptions on which the analysis is based.

Entrepreneurs can reach a price that can be tested in a market by considering costs, any competitor pricing, and

Name the common pricing strategies at startups.

Discuss the purpose and sections of a cash flow statement.

Briefly discuss what startup resources include.

While cost is one important factor in regard to pricing model considerations, another equally important factor is the relationship between how a product or service is priced and a company's goals. Briefly identify the typical goals and their impact on price.

Which of the following is NOT a strategy that can help entrepreneurs arrive at a realistic forecast of demand for their product or service?

For feasibility purposes, a(n) _____ statement, essentially a cash budget or sources and uses statement, is used so that cash inflows and outflows are easy to identify and examine.

Briefly discuss the positioning of a venture in the value chain.

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Creating Opportunity

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping and Validating a Solution

Protecting the Startups Assets

Building the Founding Team

Preparing a Business Plan

Designing an Entrepreneurial Organization

Planning Startup Operations

Choosing the Legal Form of Organization

Developing a Startup Marketing Plan

Incorporating Ethics and Social Responsibility Into the Business

Funding Startup and Growth

Planning for Growth and Change

Filters